Accounts Receivable and Significant Concentrations

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Accounts Receivable And Significant Concentration

A significant portion of the Company’s receivables are billed under firm fixed price contracts with agencies of the U.S. federal government and similar pricing structures with several large multinational publicly traded and private corporations. Accounts receivable consist of the following by customer type in the table below as of the periods presented:

	SEPTEMBER 30,		DECEMBER 31,
	2018		2017
	(Unaudited)
Government	$	5,738,189	$	6,055,397
Commercial		2,381,034		2,183,246
Gross accounts receivable		8,119,223		8,238,643
Less: allowances for doubtful
accounts		96,846		107,618
Accounts receivable, net	$	8,022,377	$	8,131,025

Provision for Doubtful Accounts

For the three and nine month periods ended September 30, 2018, the Company did not recognize any material provisions for bad debt or write-offs of existing provisions for bad debt. For the nine month period ended September 30, 2017, the Company recorded a provision for bad debt of approximately $31,200 related to a billing dispute with a commercial customer and wrote-off a previously reserved uncollectible customer account of approximately $274,500.

The Company has not historically maintained a bad debt reserve for its government customers as it has not experienced material or recurring bad debt charges and the nature and size of the contracts has not necessitated the Company’s establishment of such a bad debt reserve.

Significant Concentrations

The following table presents customers that represent ten (10) percent or more of consolidated trade accounts receivable in the current and/or comparative period:

	SEPTEMBER 30,			DECEMBER 31,
	2018			2017
	As a % of			As a % of
Customer Name	Receivables			Receivables
	(Unaudited)
U.S. Customs Border Patrol		8	%		12	%
U.S. Immigration and Customs Enforcement		14	%		13	%
U.S. Federal Air Marshall Service		4	%		10	%

The following table presents customers that represent ten (10) percent or more of consolidated revenues in the current and/or comparative period:

	THREE MONTHS ENDED						NINE MONTHS ENDED
	SEPTEMBER 30,						SEPTEMBER 30,
	2018			2017			2018			2017
	As a % of			As a % of			As a % of			As a % of
Customer Name	Revenues			Revenues			Revenues			Revenues
	(Unaudited)
U.S. Immigration and Customs Enforcement		16	%		18	%		18	%		17	%
U.S. Customs Border Patrol		15	%		9	%		11	%		11	%
U.S. Citizenship and Immigration Services		15	%		5	%		5	%		5	%